1468 Cherry Ave Long Beach, CA 90813
Cambodia Town Neighborhood
5
Beds
4
Baths
6,800
Sq Ft
5,994
Sq Ft Lot
About This Home
As of August 2016Completely rehabbed two-story mixed-use building located in the heart of long beach. Over $125,000 of extensive rehab completed. 100 percent occupied with six parking spaces available including one space for loading and unloading. Some of the extensive exterior and interior improvements include: a brand new roof, new gas line and individual meters, new laundry room with owned equipment, double mirror closet doors in all units, cast iron bathtubs, vinyl "wood" floors, new granite counter tops, and much more. The two retail tenants include a local party supply store and a non-profit community-based service organization.
Last Agent to Sell the Property
Joshua Cohen
Keller Williams South Bay License #01346713 Listed on: 08/30/2013
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,525
Year Built
- Built in 1948
Lot Details
- 5,994 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 6 Parking Spaces
Home Design
- 6,800 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 53
- Assessor Parcel Number 7261018010
Community Details
Overview
- 6 Units
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $7,502
- Net Operating Income $62,924
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2016
Closed on
Jul 5, 2016
Sold by
Choi Bo Mun
Bought by
Choi Keun Ho
Seller's Agent
Robert Salim
Classic Beach Properties, Inc.
Buyer's Agent
Jun Chang
New Star Realty & Investment
List Price
$999,000
Sold Price
$926,000
Premium/Discount to List
-$73,000
-7.31%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$602,328
Avg. Annual Appreciation
6.84%
Original Mortgage
$640,000
Outstanding Balance
$510,879
Interest Rate
3.41%
Mortgage Type
Commercial
Estimated Equity
$1,170,516
Purchase Details
Listed on
Aug 9, 2016
Closed on
Jun 24, 2016
Sold by
Ramsey Sean
Bought by
Ho Choi Keun
Seller's Agent
Robert Salim
Classic Beach Properties, Inc.
Buyer's Agent
Jun Chang
New Star Realty & Investment
List Price
$999,000
Sold Price
$926,000
Premium/Discount to List
-$73,000
-7.31%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Outstanding Balance
$510,879
Interest Rate
3.41%
Mortgage Type
Commercial
Estimated Equity
$1,170,516
Purchase Details
Closed on
Sep 16, 2013
Sold by
Fouladian Mike M
Bought by
Ramsey Sean
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
4.17%
Mortgage Type
Commercial
Purchase Details
Listed on
Dec 30, 2011
Closed on
Jan 19, 2012
Sold by
Burbank Investor Services
Bought by
Fouladian Mike M and Fouladian Heidi
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$480,000
Sold Price
$425,000
Premium/Discount to List
-$55,000
-11.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.67%
Purchase Details
Closed on
Nov 22, 2011
Sold by
Banks Tyler E and Banks Jerriann I
Bought by
Burbank Investor Services
Purchase Details
Closed on
Jun 22, 2004
Sold by
B & B Malkin Family Lp
Bought by
Banks Tyler E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.29%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 24, 1995
Sold by
Malkin William and Malkin Bernice
Bought by
B & B Malkin Family Ltd Partnership
Purchase Details
Closed on
Dec 29, 1993
Sold by
Investors Trust Deed Inc
Bought by
Malkin William
Purchase Details
Closed on
Aug 5, 1993
Sold by
River Oak Partners 92
Bought by
Quincy Properties Inc
Similar Homes in Long Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Usa National Title Company | |
| Grant Deed | $926,000 | Usa National Title Company | |
| Grant Deed | $800,000 | Fidelity National Title Co | |
| Grant Deed | $425,000 | Lawyers Title Sd | |
| Trustee Deed | $540,000 | None Available | |
| Partnership Grant Deed | $360,000 | First American Title Co | |
| Grant Deed | -- | -- | |
| Trustee Deed | $296,336 | First Southwestern Title | |
| Grant Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $640,000 | Commercial | |
| Previous Owner | $640,000 | Commercial | |
| Previous Owner | $560,000 | Commercial | |
| Previous Owner | $520,000 | Commercial | |
| Previous Owner | $270,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2016 08/11/16 | Sold | $926,000 | -7.3% | $136 / Sq Ft |
| 08/01/2016 08/01/16 | Pending | -- | -- | -- |
| 01/20/2016 01/20/16 | For Sale | $999,000 | +24.9% | $147 / Sq Ft |
| 11/20/2013 11/20/13 | Sold | $800,000 | 0.0% | $118 / Sq Ft |
| 09/09/2013 09/09/13 | Pending | -- | -- | -- |
| 08/30/2013 08/30/13 | For Sale | $800,000 | +88.2% | $118 / Sq Ft |
| 01/26/2012 01/26/12 | Sold | $425,000 | -11.5% | $63 / Sq Ft |
| 01/19/2012 01/19/12 | Pending | -- | -- | -- |
| 12/30/2011 12/30/11 | For Sale | $480,000 | -- | $71 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,525 | $1,074,697 | $336,567 | $738,130 |
| 2024 | $14,525 | $1,053,625 | $329,968 | $723,657 |
| 2023 | $14,276 | $1,032,967 | $323,499 | $709,468 |
| 2022 | $13,423 | $1,012,713 | $317,156 | $695,557 |
| 2021 | $13,120 | $992,857 | $310,938 | $681,919 |
| 2019 | $12,933 | $963,410 | $301,716 | $661,694 |
| 2018 | $12,525 | $944,520 | $295,800 | $648,720 |
| 2016 | $10,576 | $828,427 | $258,883 | $569,544 |
| 2015 | $10,166 | $815,984 | $254,995 | $560,989 |
| 2014 | $10,097 | $800,000 | $250,000 | $550,000 |
Source: Public Records
Agents Affiliated with this Home
-
R
Seller's Agent in 2016
Robert Salim
Classic Beach Properties, Inc.
-
Buyer's Agent in 2016
Jun Chang
New Star Realty & Investment
(310) 997-5152
61 Total Sales
-
J
Seller's Agent in 2013
Joshua Cohen
Keller Williams South Bay
-
J
Buyer's Agent in 2013
Jason Randall
Randall Realty
(310) 514-1420
2 Total Sales
-
S
Seller's Agent in 2012
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1200
1 in this area
97 Total Sales
-
A
Seller Co-Listing Agent in 2012
Aaron Bove
Marcus & Millichap
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB13176346
APN: 7261-018-010
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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